Just one hour into Monday’s trading, with $GME soaring as high as 110%, short-selling hedge funds have suffered a mark-to-market loss of $1.02 billion, data firm S3 Partners said. https://t.co/aaU0PIrXul
GameStop short sellers have already lost $1 billion from Monday's monster rally https://t.co/hWPjvue6di
After 8 LULD halts in the first hour, #GameStop, $GME continues up and Short Sellers have now lost $1 Billion in one day. Live Short Interest data shows that Short Interest is still going up. Latest data - https://t.co/SJi6yme1xK https://t.co/nb1iWQpaB5


GameStop (GME) has seen a significant surge in its stock price, resulting in substantial losses for short sellers. Since the beginning of May, short sellers have incurred over $800 million in losses as GME's price more than doubled in just 8 trading days. On one particular day, the stock jumped over 50%, leading to a one-day loss of $1 billion for short sellers, with $610 million of that occurring today. This dramatic increase in stock price was accompanied by multiple trading halts, with 8 Limit Up-Limit Down (LULD) halts occurring within the first hour of trading. Additionally, the short interest in GME remains high, with $1.13 billion in short interest, representing 64.49 million shares shorted, which is 24.16% of the stock's float. Despite these losses, short interest has increased, with 1.4 million new shares shorted, valued at $24 million, over the last 30 days. Today's +92% price move has significantly impacted short sellers.